I WILL NOT BE CLAIMING XMV, AND YOU SHOULDN’T EITHER.
Monero is our “Coin of the Week” and we are still watching for killer upside trade opportunities, but we do not recommend claiming the XMV fork when it launches.
The only way to claim XMV is by exposing your private key, which is bad on any chain, but particularly bad on a chain whose sole purpose is anonymity.
Here’s why: exposing a large amount of private keys allows the recipient of those keys to deconstruct large portions of the XMR chain, which can allow them to piece together patterns of user’s behavior and potentially expose the entire chain – which exposes millions of users to government oppression. Remember, Monero is used in all of the third world countries to conduct business agains their violent governments, and its used to also keep people’s coins from other chains safe from hackers and government monitoring in the George Orwell novel we live in here in the industrialized world.
Many are convinced XMV is an attempt by the US government to take crack the Monero code by gaining a bunch of knowledge of the chain with users’ private keys, and that their goal is to use “FREE COOOOINZZ” as a way to bust Monero users for “illegal” activities.
Monero V Red Flags:
– CLOSED Source
– 100% Anonymous Devs
– Begging for Private Keys
– Marketing to New Users (and hiding from oldschool Monero users)
Give this a read on why the most popular Monero wallet won’t support the fork, and why you shouldn’t either.
https://medium.com/…/beware-of-non-native-forks-of-monero-6…
If this is an attempt at a malicious crackdown of Monero, I won’t be sucked into it by valueless XMV coins. What are your thoughts on the fork? Can we be too careful with the most important tool in the crypto privacy space?
